Politics & Regulation

EU proposals stir fears of hedge fund exodus

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A new alternative investment fund directive proposal established by the European Commission could see an exodus of European hedge funds from Europe if approved. At the same time legislation in the US could give the Securities and Exchange Commission authorisation to require hedge funds to register.

In Europe, non-EU domiciled offerings would be subject to authorisation to manage and market funds in EU countries. Alternative investment managers will need to comply with a series of obligations that the hedge fund industry fears could drive much of the business outside of